Filed June 20, 2023 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
TAG RESOURCES, LLC1+ years Service code 15 · EIN 62-1874769 | Recordkeeping | $1,166 |
Filed as: TRANSAMERICA FINANCIAL LIFE INS CO Service code 15 · EIN 36-6071399 | Recordkeeping | $330 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $6,112 | $47,977-87.3% | $154,108-96.0% | $56,289-89.1% |
| Participation rate | 20.4% | 66.2%-45.8pp | 83.0%-62.7pp | 69.9%-49.5pp |
| Annual return | 0.00% | 3.54%-3.5pp | 735.21%-735.2pp | -9.96%+10.0pp |
| Employer contribution / active EE | $316 | $2,169-85.4% | $5,298-94.0% | $2,111-85.0% |
| Participant deferral / active EE | $985 | $2,392-58.8% | $5,081-80.6% | $3,350-70.6% |
| Admin fee / account holder | $37 | $438-91.5% | $13,411-99.7% | $521-92.8% |